Overview
What is Myrtle Avenue Brooklyn District Management Association Inc?
Myrtle Avenue Brooklyn District Management Association Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 472 Myrtle Avenue, 2nd Floor. Their primary mission is to foster the development of local businesses within their designated Business Improvement District (BID). To accomplish this, they provide supplementary sanitation services, such as sidewalk sweeping, corner garbage bin emptying, graffiti removal, streetlamp and street furniture cleaning and painting, and snow removal at bus shelters and crosswalks. By doing so, they aim to improve the overall appearance of the business community, ultimately contributing to its growth. With a workforce of six individuals, Myrtle Avenue Brooklyn District Management Association Inc plays a significant role in maintaining the cleanliness and attractiveness of the area, thereby supporting its local businesses.
Official website here: www.myrtleavenue.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Myrtle Avenue Brooklyn District Management Association Inc has received a notable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization achieved a perfect score in several categories, including having a fully independent board and a robust whistleblower policy, indicating a commitment to transparency and ethical governance.
The charity demonstrates effective financial management with a program expense ratio of 92.20%, which signifies that a substantial portion of its resources is directed toward programmatic activities rather than administrative costs. Additionally, the organization has a solid liabilities-to-assets ratio of 34.36%, suggesting a healthy financial position and low risk of insolvency.
Despite its strengths, the evaluation indicates no specific limitations or areas of concern, showcasing the association's effectiveness in maintaining high standards of accountability. Overall, the charity exemplifies a responsible approach to management and financial stewardship, contributing positively to its community.
This AI summary has been generated from information found on Charity Navigator.
Is Myrtle Avenue Brooklyn District Management Association Inc legitimate?
Myrtle Avenue Brooklyn District Management Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Myrtle Avenue Brooklyn District Management Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $104,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $261,525
For more financial information, click here
Official website here: www.myrtleavenue.org
What is the mission statement of Myrtle Avenue Brooklyn District Management Association Inc?
The Myrtle Avenue Brooklyn District Management Association Inc is dedicated to fostering the expansion of local businesses within a specified business improvement district. Their primary objective is to improve the general aesthetics and appeal of the business community. In order to achieve this, they provide supplementary sanitation services such as sidewalk sweeping, garbage bin emptying, graffiti removal, streetlamp and street furniture cleaning and painting, and snow removal at bus shelters and crosswalks.
Official website here: www.myrtleavenue.org
Who is the CEO of Myrtle Avenue Brooklyn District Management Association Inc?
Chad Purkey is the Exec Director of Myrtle Avenue Brooklyn District Management Association Inc.
Official website here: www.myrtleavenue.org
What is the revenue of Myrtle Avenue Brooklyn District Management Association Inc?
Myrtle Avenue Brooklyn District Management Association Inc's revenue in 2022 was $1,331,900.
Official website here: www.myrtleavenue.org
Who are the executives of Myrtle Avenue Brooklyn District Management Association Inc and what are their salaries?
The average compensation at Myrtle Avenue Brooklyn District Management Association Inc during 2022 was $61,087. There are 6 employees at Myrtle Avenue Brooklyn District Management Association Inc.
Here are 22 key members and their salaries:
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Official website here: www.myrtleavenue.org
Where can I find the form 990 for Myrtle Avenue Brooklyn District Management Association Inc?
Myrtle Avenue Brooklyn District Management Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myrtleavenue.org
Learn more at the official website: www.myrtleavenue.org
Mission Statement of Myrtle Avenue Brooklyn District Management Association Inc
Myrtle Avenue Brooklyn District Management Association Inc, as a nonprofit organization, is dedicated to fostering the growth of businesses within its designated business improvement district. Their primary mission is to enhance the overall appeal and vitality of the local business community. To achieve this objective, they undertake various initiatives. One of their key activities involves providing supplementary sanitation services, such as sidewalk sweeping, emptying corner garbage bins, graffiti removal, and streetlamp and street furniture cleaning and painting. Furthermore, they take on the responsibility of snow removal at bus shelters and crosswalks during winter months. These efforts contribute to maintaining a clean and well-maintained environment, which in turn, attracts more customers to the local businesses. By promoting the growth of these businesses and improving the overall appearance of the community, Myrtle Avenue Brooklyn District Management Association Inc plays a crucial role in fostering a thriving and vibrant business environment.
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Impact
October, 2024
Myrtle Avenue Brooklyn District Management Association Inc plays a crucial role in fostering the growth of local businesses within its district while simultaneously enhancing the aesthetic appeal of the community. It provides essential sanitation and maintenance services that contribute to the area's cleanliness and safety, including sidewalk sweeping, the emptying of corner garbage bins, graffiti removal, and the upkeep of street lamps and furniture.
By maintaining a well-kept environment, the organization not only supports existing businesses but also attracts new customers and potential tenants, thereby stimulating economic activity. The proactive approach to snow removal at bus shelters and crosswalks further ensures ease of access throughout the year, enhancing the overall experience for residents and visitors alike.
Through its focused efforts on community improvement, Myrtle Avenue Brooklyn District Management Association Inc significantly contributes to creating a vibrant, welcoming atmosphere that encourages both commercial growth and community pride.
This information is meant to be a general summary of Myrtle Avenue Brooklyn District Management Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $95
- Program Service Revenue: $1,007,038
- Gross Receipts: $1,331,900
Assets and Liabilities:
- Total Assets: $551,785
- Total Liabilities: $42,914
- Net Assets: $508,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MARP COMMUNITY FUND
Revenue
$100,000
MARP LEGACY FUND CONTRIBU
Revenue
$274,609
PROGRAM SERVICE
Revenue
$57,429
TAX ASSESSMENT
Revenue
$575,000
Organization Details
Founding Year
2005
Phone
(718) 230-1689Principal Officer
Chad Purkey
Main Address
472 Myrtle Avenue 2nd Floor, Brooklyn, NY, 11205
Website
www.myrtleavenue.orgNTEE Category
Code: S30 - Community improvement
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